Colonial Trust Co SC Buys Shares of 451 Nutanix, Inc. (NASDAQ:NTNX)

Colonial Trust Co SC acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 451 shares of the technology company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Harbour Investments Inc. boosted its position in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after acquiring an additional 418 shares in the last quarter. Allworth Financial LP boosted its position in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. grew its stake in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix during the fourth quarter valued at about $40,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after buying an additional 146 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the transaction, the chief executive officer now owns 558,366 shares of the company’s stock, valued at approximately $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,514,740 shares of company stock valued at $410,918,620. Company insiders own 6.80% of the company’s stock.

Nutanix Price Performance

Shares of Nutanix stock opened at $75.10 on Friday. The stock has a market cap of $20.03 billion, a PE ratio of -214.57, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The firm has a fifty day moving average price of $67.62 and a 200 day moving average price of $67.37. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Oppenheimer increased their target price on shares of Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a report on Thursday, February 27th. UBS Group boosted their target price on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Barclays set a $94.00 price target on Nutanix and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada boosted their price target on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.85.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.